Using credit consolidation services or debt consolidation services, is an excellent alternative for any consumer wishing to eliminate credit debt quicker then usual if their $ 5,000.00 or more in debt. Even with a good interest rate, once a creditor has you in debt for that amount or greater it would take you more then 10 years of paying the monthly minimum just to eliminate that debt. If you actually calculate it out, you will probably come closer to 18 years. And that’s just one credit card with not a very high amount of money owed on it.